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September 01, 2020 1:41pm
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Meta spending slams Facebook stock, but here are the chip stocks that are benefiting

Data-center stocks buoyed an otherwise down chip sector Thursday, as shares of Facebook parent Meta Platforms Inc. cratered on torn-in-half profits and a hike in capital spending to fuel Mark Zuckerberg's metaverse ambitions. One analyst is asking if server chips can only go up.
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